Arthur Hayes sold roughly $22.28M from Maelstrom’s directional book and says he is stepping aside. The exit reverses his recent bullish call on Bitcoin and Ethereum.

  • Sold 6,400 ETH worth $15.2M
  • Offloaded 14M ENA and 323,000 UNI, plus ETHFI, AERO, PENDLE, and ZAMA
  • Crypto liquidations hit $942.1M in 24 hours; longs were 91.6% of the wipeout

LaunchBar takeaway: this is not a random wallet dump—it is a high-profile macro risk signal. Traders should reduce leverage and watch ETH liquidity; Hayes’ pause can amplify fear before the next major rebound.